Extraordinary Gazette of India, 2005, No. 2476

-£p ^>-33004/99

REGD. NO. D. L.-33004/99

4MM«I

of ,3udia

EXTRAORDINARY
PARTI—Section 1
PUBLISHED BY AUTHORITY

221] ^ WRIT, 3TTO 16, 2005/9n^T 25, 1927

Nn. 221] NEW DELHI. TUESDAY, AUGUST 16, 2095/SRAYANA 25,1927

fart TTSTcTO

(^T5R" TWPT)

3lfq^FTT
16 3Fm 2005

*7.37 yfcWd MT<*> 2014* )% fcdl^ 4 I hi41

IT. 4(2)-S^Tp-T^T/2005.— URcT TOR WcTsJKI 5,000 4^? 7T% <£ feTR '7.37 jrf^d

*&m r 2014' ^ arfa^RT ^ 3 t£rjtrt (f^r csrf^ng^rf" tof t)

^ ^T%fT *rtT <£ *n*r-*w ^ wsiRmtfem riwr ^rt ^ srfa^Frc ^.^zn 4(9)-

^^ttu ^/2000 6 2002 ^ Rf3t<± wf <£ 3T#T cfft

ffrfa nft fafa

2. ^W> ^ %5t iTR^fa %, ^ ^-400001 RTSJm ^ f^tg> 6 *rf.2002 WTF3T

3Ti?P^EHT W. RTCS2TT 4(9 )-^^tt T / 2 000 ^<k5.1 ^ ^ 3T% ^ "ftcTPft fcTfa JRfm <5R^ ^

3ne n% ^rt ' " “‘

3TPTftRmjf tfil

3. ^R<fcT$ yfcl^fdql R awfeRxjsff ^Icfi ^fcltii flelTO (3Fj6FEl) ^ 31 3 f RRjftd

RT% <6 5 5rtcT?TcT cT3f) m * WT^t "'FSfcfj Wio T 3jfa ^fW3Tf 3fRf^T f^JT [

zet wi confer

4. '4)dl*f) VfTRtfta W^ffcR Xf?r£ ^-400001 ^RT 18 STm, 2005 37f R fenfe T d 3$ uFRTffl TTfcRTT

f^TcRT ^ XR 3TR^T-XT? 18 3PRtT, 2005 cfTt SPRRFf 12.30 ^ cT9? ^jI'JffeRJ y^dd 3R f^ v?r^ tirf^ |

5. *£Tcf> W ctf 3T^ 4? fdR vft 16 3Ttfa, 2002 ^ 5T5W gHRft-3T^RRft 16 3T#cT, 2014 <Et

RR u5t vjRXpfft

(I^ cir 4 t<a fcITf '^IdM

6. 4Ru)f*i f^v>l4 1^5 gRT 3R% Xf^. ^STf ^rfpRT ^ 18 3nR6, 2005 Md|?[d %3JT t^KRTT f XFRJtH

^cfldidisft gRT <5x1^ 19 arm 2005 arsife ^ crrfa? tor x^ix^ni <£ f^r ^ ^rr# *

3il<gfcd Rgm? ^ XR Elw>l ^RT ^i gi d dl^lta 3 fg?fa 1 6 3T^oT, 2 QQ5 ^ 18 3PRd r 2005 ?T9> XJirf^d

^TTf^Tef ?Errl

UTRcT

__ oFi T

(the (Bazette

3TOI«IRiil

2440 GI /2005

( 1 )

Yktr 3ft clTSfe £ ^ *T<* igw T'T 5rfM 7.37 v$m sft <r ?f sra w&K t~ nsr ■&*:

3Ttejr '<r 16 art^rsi? aeir ir, 5 ^ 3 ft f&^jr rprtt!

MJTcT % TP^fft % 3TT^rr
l^T. T^T. ^RT, d^=M TTf^

W$W

3)t ^ftdl*ft if 3RrfrrPT£jf Eftc-ft RftUT Rjft*T

_L ^ 3 ft? ^ £TT%T s ft e ffl gH ^ ^ tti^t ^ 1 ?

g5t ^RTf^rcT %nfM 3TWN' tR ^T^ S M <tf 3^1# $* cR t^j

^TfeT Jrfcl^M 3 3rm^r?T r$t <tt 5 jjter cRF ^ wtfowtf ^rferai ^

cf ^ 3Tf^nf%lcT ^ ^ 3RTTtcf ^ftj

■ ^ct>K ^t nl^fM 3R^reff 3 ttetr tR ^ f^- ^ i ch i $ f^r

r M ^ ft-Rfafcld ?T?ff efft TJ^T 3ReT t :

r *TReffa f^ f3> efr 4RT ^Idi fjfttj) 3T2JcTT Wl^cf> RFTR (^T4lk>d) ^7?TT R3^ f

mz : Tn^RT ^ (3TR3TRcft) 3^ RS^ W ^ Rtfrte ^ ^cT ^

^ 3r^jtd ^nPid fcfc7n 1

^ J# %TPft ^r cf^ WJ (3tf^r ^) % 3Ffte R$T cfc feR ^ ^ «frcft cRTT?T f ;

^ ^ 5^R cfR% eTTor ^ $F 3T2TcTT 3R7fe t£^R ^ RTKRf ^ 3RFft sjtoft 3TFdT*7 RU

& 5R^T cJtRT fl

TTC : W A TTRfhTT *F (3TR3TR<ft) ?f2TT fcf? uft ^ ^Aift.^.^TeTT 3tk

<9,c1[ t, 3^^ 3iTTfciwff ^rrfof^rt cpt prrtst ^r sr^ci c^ #Ai

n : ^eRT M ^ 3f4k 3Wf^^ 3TTETR .tR irf, cf^fM, f^lf^ fdcfTRJt, TR9J]3Tt. ^T
3^ ^ ^ 3Nf 3RI ^ ^ RTf^T ^ f^tr ttt^T^

^ C& ^TeRT tnftr 10,000 W! (3Tte ?JRT) 3tfc ^ 10,000 tpq^r $ nuT^ff R ^Fft ^RTT
iRT^fec^tc^tl

srenddlrHch f^ gl i Pl^f :

^ ^ fcTtf fcfT 3TSRTT STR^ ^R, I^Hc^ ^TTRRT ^T cf 1TPT eTdl #, ^
nTnra ^ ^TcTT R^TT 3Ttef ^ FFTTl TT^, ^ ift ^ EP 3T0R

^ ^ ^ ^ ^ ^cH ^ f^T^ c^cTR tRfj cfTcft % tjgT t, tgj 3T?RH STferf^ ^Rr

f^RTT tjrFTT 3ft? f^cRf^ ^[ -^RTT 3TicJ^TJch ^pTI(

$ £ STTRT 3TT^ ^ 3TMR m TTf^cJj ^ 3M^I SPjfaf) ^tdR TRT^hRT ^ 3TT^Tr-^TR
^ cstmi 3TRT c#rft^(^ %W^f) ^ m* 3TT^t cj^t SRjte ^teR ^FTTcTO ^

3TTfe^5Ttrat tT JR^cT f^RTT uTTtT| ^Rclto 3TltcR Rift W<b1 ^ RR!J Rf^T fcTtJ T^R
iQ>ai ^ 3 TcRT- 3^RR TTT^qrt tRT RfRT 7RJT RTR 3tR Rf^T ^teft ^ 3T^T M ^ 5R^T f^Rn

HR'cl qiT 3TTOTO : RqrqTTOT

3

[ TOT i—1 ]

3 &f> .WOT 3Jiarf^RE 41 cR TOT ^fTR'dl TO? TOftq TOdTOT flfclcnq/quqd cf3) TO3T qfflflld 3fT3Td TO TO

£343, '& afdTTOff qtc?l 43 3TOJR qx 43d743 4 3TFR 3TR43! jT3T TOd TO TOR fSq f^j fcft TOTO

^3dR } m^\ 7m 33 iffdR pq m f^rar ti^f, frfq q?r ?tt33to qq *fTdiq qror fro
to to^tRto 43<to cfi qf^jftro to^ 3 q33 TOfrfN

4. ^r qmcr 4, tost efrcft q33 to% SRterd 3rfr (arfSttjfrrd tt% 43 5 jrfcRid) 3) 3rfe t tou^sm 3 ?rtoi

TORTOI 3fTf$M 3TTqdqt q> TOdd ff, tot fq> 3RJTO qjaTftro 41 ei^ qq 3 tR 4 iRito stro f4r qq 3 r4
qiqcf^ q>3 sr^jf^Tf qq ptRd 3m&7 qro qRs43 d^34> 33 q^j

5. ^ qrocl *3 tos 3 q)e33 v# ERfsTO 3# 3) qro s3, qqft q33 qfcrcroff m\ 3 f^rro torto 1

6 q^t dRcflq fVl4 #q> SRI t^STO RTT^hjdl 3TO $ TOffr 34>TO TORTOl qR43q f^TOcI #q> RTf TO d3 tqt

33^ BRite 43 tr 43 3321 w43tm 3sncT 3 rtto tot33 3 tort q^dfrof^ srt fth\ f4ro

qqT ft g©7 T3 R?rto tor3 4 tort q>pt q33 3jf4m qqqqq tot PfRicf) q33 33 to 43 j^tensJ't tot tort
^ ca? ^ *?l ^ 4q> 3RTTO jTRfftro 43oR) q33 3Wftl3q43 4tfef43 q?3 f)f4<f tcf TO TOcfr
^ ^Wdvdl^cd % qRT qTdft ^ifM (3Tf^d ^ed) cPt TO m ^T q^lfdT t^U dK ^ ^

3Rjdd TO ^51 ^qv^tTOf ^cfTct 33 dTOfte TOT ^ q?f q^ "^3443 3^tqq4 tl

7 qq #cp 3Tqqf HTarf^'ct? #eR qq TOfRdlf^TO t f% d? TTT^ q>t qlcr^dT TOdTdl^d q^l 3RTTdTTOT qf^JlvRf[
qq Bt^qR 'JI6TO- q31 qfcl'^fcl 4i qq 3T?fTOT f%^3q q?t fcTf&T ^ qid qq4 I^RTf $ 43d3 *Jd f^Rd TOTTOHi

8 . qqj 3RjqT jqsrto ^tcR 3dT^ qrgcpt q^t qf ^fqr ^r ^ fc3q w ^r 3TtrT 3ff W? dq? ddlc41/d>4)VIH/#q

TOIR ^ TOT ^ q^ef qR 3Tq^ tl ^ q^tdd ftsf^t ^cd 3 q?T RT TOcfRft t dl Tm^i 3TeFr 33 q3^cT

q?t TO 3Tqqft tl ^ RIHo3 4 RFT yfcT^qt qq 3TdTOT 5TfcRjfcT q53 f^tq terf^T 3^ dTq TOTT43 ttdT tt, TO
PTRjfilTO ^teR qt TOgTO SRI td afcTTOR 31% 4 f^q ft% ^T viMRld TOM 3l l R d tlTOI

9. Ffrl^M £^3 cTHTd, 'dMRa TOM RST ^33 TORJ t3, dTO STOc?I/TO43?H/^rqT TOTRt ^ feR TOSTOT 3f ^1^1^

TOd TOPI q53 qqq-yunoil fqj ^ jq^rftq, rfj^ $ 3qaT q33 dt 3TfqfrI 3^ 3353TO fldR q?f TOR^TI

3R dc^fTO t TO3t 3TTO cTPTd, ^31 f^qRR cfHTd qt ^TOJ if toRr dt3 f^TO TOTO TO% TO TOqqt
3T d3jd qfi 34 tot toto TOftqi

V. Sdt 3fR OTSrftro ^3cTRt qt qRrfta Rd4 |q> (fro) SRT 3m-3RRI TO q343 qf 3fMTO C^ dSd 3TTOeR3 31

3TO3^d ^rTTO Rd33^d 3Tqq 3f3TO c^ STdtd fro qt TO^d qR43 t'Pfll .

VI. 'W \i led Rad ftroffei fro srt 3i434Ti 3?43q t VR drojdR, rs 4t 3qcRdrodT t3i3, dtron qt

3TPtRd f^TOT TOTOdl ■

MINISTRY OF FINANCE
(Department of Economic Af fairs)

(Budget Division)

NOTIFICATION

New Delhi, the 16th August, 2005

Auction for Sale (Re-issue) of‘7,37 per cent Government Stock, 2014’

F. No. 4(2)-W&M/2005: Government of India hereby notifies sale (re-issue) of ‘7,37 per cent Government
Stock, 2014’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and
conditions spelt out in this notification (called 'Specific Notification') as also the terms and conditions
specified in the General Notification F.No. 4 (9)-W&M/2000 dated May 6, 2002 issued by Government of
India as amended from time to time.

I

THE. GAZETTE OF INDIA: F.XTR AORDTNARY

(Part I— Sec. 1]

Method of Iss ue

2. The Government Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, MumbaMOO 001
in the manner as prescribed in paragraph 5.1 of the General Notification F. No. 4(9)-W&M/2000 dated May 6,
2002 by a grjc e based auction using multiple price auction method.

Allotment to Von-competitive Bidders

3. Govemnv ;nt Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and
institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government
Securities (An nex).

Place and dal e of auction

4. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
August 18, 2005. The application form duly filled in with the bids should be submitted to the aforesaid
office on August 18, 2005 by 12.30 P.M.

Tenure

5. The Stoc c will be of twelve year tenure commencing from April 16, 2002. The Stock will be
repaid at par on April 16,2014.

Date of issue and payment for the Stock

of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai office on
35. The payment by successful bidders will be on August 19, 2005, i.e., the date of issue. The
e Stock will include accrued interest on the nominal value of the Stock allotted in the auction

upon payment date, i.e., April 16, 2005 to August 18. 2005.

from the last

Interest

u'iC taic Oj /.j/ pci’ Cciii pci aitiVuiii Win aCCiiic On tiie iiOnimai vaiuc ui iiic Stuck hum tiic
:pon payment and will be paid half yearly on October 16 and April 16.

By Order of the President of India,
L.M. VAS, Jt. Secy.

ANNEX

e: With a view to encouraging wider participation and retail holding of Government
s proposed to allow participation on “non-competitive ” basis in select auctions of dated
of India (GOI) securities. Accordingly, non-competitive bids up to 5 per cent of the

unt will be accepted in the auctions of dated securities. The reserved amount will be
>tified amount.

nlity: Participation on a non-competitive basis in the auctions of dated GOI Securities
e open to investors who satisfy the following:

d not maintain current account (CA) or Subsidiary General Ledger (SGL) account with
sserve Bank of India.

>tions. Regional Rural Banks (RRBs) and Co-operative Banks shall be covered under
cheme in view of their statutory obligations.

[ HITT I—] ]

w^r : srarwr

5

2. make a single bid for an amount not more than Rs. two crore (face value) per auction.

3. submit their bid indirectly through any one bank or PD offering this scheme.

Exceptions : Regional Rural Banks (RRBs) and Co-operative Banks that maintain SGL
account and current account with the Reserve bank of India shall be eligible to submit their
non competitive bids directly. •

III. Coverage : Subject to the conditions mentioned above, participation on “non-competitive”
basis is open to any person including firms, companies, corporate bodies, institutions, provident
funds, trusts, and any other entity as may be prescribed by RBI. The minimum amount for bidding
will be Rs. 10,000 (face value) and thereafter in multiples in Rs. 10,000 as hitherto for dated stocks.

IV. Other Operational Guidelines:

1. It will not be mandatory for the retail investor to maintain a constituent subsidiary general
ledger (CSGL) account with the bank or PD through whom they wish to participate. However, an
investor can make only a single bid under this scheme. An undertaking to the effect that the investor
is making only a single bid will have to be obtained and kept on record by the bank or PD.

2. Each bank or PD on the basis of firm orders received from their constituents may submit
application -wise bids through NDS. The firm orders received from others (i.e. non-
constitueiits) may be submitted in physical application forms to the FDO. The physical
a indication mav be a single bid for the aggregate amount of all the emtAmpM Particulars of
individual customer viz. name and amount shall be provided as an Annex to the bid.

3. Allotment under the non-competitive segment to the bank or PD will be at the weighted
average rate of yield/price that will emerge in the auction on the basis of the competitive bidding.
The securities will be issued to the bank or PD against payment on the date of issue irrespective of
whether the bank or PD has received payment from their clients.

4. In case the aggregate amount of bid is more than the reserved amount (5% of notified
amount), pro rata allotment would be made. In case of partial allotments, it will be the responsibility
of the bank or PD to appropriately allocate securities to their clients in a transparent manner.

5. In case the aggregate amount of bids is less than the reserved amount, the shortfall will be
taken to competitive portion.

6. Security would be issued only in SGL form by RBI. RBI would credit either the main SGL
account or the CSGL account of the bank or PD as indicated by them. The facility for affording
credit to the main SGL account is for the sole purpose of servicing investors who are not their
constituents. Therefore, the bank or PD would have to indicate clearly at the time of tendering the
non-competitive bids the amounts (face value) to be credited to their SGL account and the CSGL
account. Delivery in physical form from the main SGL account is permissible at the instance of the
investor subsequently.

7. It will be the responsibility of the bank or the PD to pass on the securities to their clients.
Except in extraordinary circumstances, the transfer of securities to the clients shall be completed
within five working days from the date of issue.

rnr rr> ri a rTr yimn A’r? tvir\f A . tt v'I ' i' i * AnnriT A m/ 1

inc,vjn/:,r,i itvJr iiXL>iA .xiA iixmsivLsj i'i/mv i

k or PD can recover upto six paise per RslOO as brokerage/commission/service charges
l this service to their clients. Such costs may be built into the sale price or recovered
Dm the clients. In case the transfer of securities is effected subsequent to the issue date
ty, the consideration amount payable by the client to the bank or PD would also include
est from the date of issue.

ities for obtaining payment from clients towards cost of the securities, accrued interest
plicable and brokerage/commission/service charges may be worked out by the bank or
greement with the client. It may be noted that no other costs such as funding costs
lilt into the price or recovered from the client.

ind PDs will be required to furnish information relating to operations under the Scheme
ve Bank of India (Bank) as may be called for from time to time within the time frame
y the Bank.

>resaiu guidelines aic subject to review by the Bank and accordingly, if and when
lecessary, the Scheme will be modified.

16 3FTW, 2005

‘ 7.50 mm wr* 2034 : cet raafu

mh/ 2005 (j). WR Wski 3,000 WP? W7(^Ref) cfd 71^7 ^3 fay 1 7.50

-651 <t>, 2034 ’ <j>^ 1*1 srfSr^eHi (f^t

died Rad ?Icff ^ *R WWfitRfa iTRct TOR sfRT uTT^t TTFTT^r 3ff^JxRT 4(9)-

/2000 6 2002 t gr#r wtfti

^Tch g>t *rR^fcf f^r 4 ^ jjs^-400001 ^ wi 6 ^.2002 ^

4(9)-^^glpT/2000 5.1 *T frqffta ^ 3P^ ^ <157 ^ ^ ^

3fM% 4 )hl*f) gRT <$\ Mmpftl . ”

amftwdl pftfoadiaft qft aretes

$$ ^ tfeTR ytfty (argsiu) st^tr f^t gft

fcRrar cT47 stt w<t5i^] trr-f < 4 ^^ affr wnaff <j>t siraf&r f^Rn ww 1

arfog jfi

=rr>ft TTTOfhi fasrf fg?. <hi'4W, 3^-400001 gRi is amM, 2005 umpfti

cf "TV 18 3T*TCct, 2005 35T OTRTFf 12.30 cT4? Tjq^f Wpfer # 5R^cf W \3TFl dlf^sM

dftr ^ arc# fcTT Bhn 10 3 rr<t, 2004 $ jtr’T wfft- 3 JgRpft 10 stto, 2034 ^

3 >r wnrnT t

arraf&r *

vfam ^Rcfk farf fm 31* 3pt4 vftt, ^ mufaa 3 ia 2005 ftm wwi

§RT ‘5*RTR 19 SFRt 1 2005 3Whr ^ f^Rfl wchtti % fay yrer n ^ #

^ ^ fthj>cl ffiTT ^TgR dl^<3 3TglfcT 10 3PRcT, 2005 ^ 18 3PFRT, 2005

MT3T 357 TPSH3 : 3H1IWI

7

C MFTI—1]

aZTTJT

7. *73373 # aiylta ft ft Hlfrhei *Jo3 tR jrfcM 7.50 yfcRld ftt 3? ft ^TM vWffid #17 cTSJT f^rcfTT

^TcTH 3TEf-3Tf^ft 3TTOT7 3? 10 cTSIT 10 3TTO ftt fft^T vTICRII

*7773 % % ■STT^I ft,

TJ^T. 33. #J33 ftft*

m<b\$\ Hlcr^pRlI # fteflftt ft anfowftf ft# Tjfiw ^ftfa

I. gnftlk : wfifyRft # snw gnM 3fR mfkn kt to kr # ft ma mam

33 ifkd 'A m 3i ftl mmPi\i - u vi i Pi "-u ft OiJim ymmI OiinR 37 mI'Timi^I m /1 3i’^nnl mm M'i *\mim IM/MI *IMI

tl n^FTR, f fo rf ft cl flfcT»|fcRft # ’flcftftgl ft 37lkqfftg 3% ft 5 nfft^ld 337 # 3757fcft3# sftfoRTT *#33? #
RTY^I JTjftftd 37tftqfftT 3% ft 373Tftd ft#l

II. 375737 : *rrcg mam gft fftftfftg srf^jJM eft fttonfftft ft 3 oftft 37 # mm m ftft fftft?T 3 ft ft ftp?

37ftt3# ?f# ft# # PlHfelfed ?lft ftt ^ 3Rft t :. v

l.yfr 3T^fl3 1 #ft |ft ft TO 37^ ^MT (ftft) 312137 WW WTRJ gft (*Jfl#lJe«) M37 3ft t ;

373373 ; £#rr tttjSVftt 2# (3TR3TP#) 3#T \H£33ft left ftt \J3ft \ftfctl$cf7 d lift eft ft <*Rd3 ?Tf
^ 3kk ^Tlfftcf fft3T RT^TTI

2 . ftt ftft fteirft ft gfti^ wy ( 3 ftftg *jc 3 ) ft 3 Hfe #ft ft fc# TTg> tt ft# cmft t ;

3. ftt g? ^ftk ngm 3 #t mft fft# xjg? tk 372737 fttoR ft w ft 373# ft# 3 T 57 ? 3 st

ft 7FRJ3 3>ftt tl

37W3 : ^ft ft#3 gk# #g? (37R3TRft) g?JT 7T?3nft # ^TRtk t3> ^ ^T.ftt.TJcr.MeTT #R
r{Tc^ <alcll , R3ft f, 3Tnft 37ftcRq# ftfcfft eft WegST 'W ft W'UJd 3Rt ^ feH? MM t#l

III. egmcbdl : ft 3T#g 3#ftR# 377E3R W ^ft, 3kfftft, fftnkeT ftcbfft.ftMT# gftR7

kfftft, Ruftt afk giftrk Iftsft fg? ^rt gm-ftftfftr fft# mu gftft #tn ftnfl ft sjfftr ft ftiq qrftg#

^# tl ft# tt ft! #lr 10,000 WJ (ftfftd TJM) #7 373 10,000 W ft ^ ^ ^

373 gg> ftftfftd ^ 373 ? ft tef^ tl

IV. 37^7 5737e7R7^73) :

1. ^m\ ft f#7 \J^7 Ik 372737 51727^3) #eR, ftnft W ft t H73 #TT 3T?ef t, ft 3R7 ^ '(keep

W33> WTTR7 3ft (ftftTTftftcT) M3T Wff 37ftgft 3ft ft37l 327lft, 3tt ft kt?T3> ft 37ft3

ftcJcf Xjgj ft# t 3cpdl tl ^37 377^73 33 33R 1ft kft?73> ftdd XJ3? fteft t ’7B7 t, Ift 37273T jnftftdJ ftcR
■gR7 jrrqr 1ft37 ftni 3fo fknt ft tm uTHI &mm ftnri.

2. 373ft illgcft ft M qgft 3nkf ft 377^777 Meftep ^3i 37^737 ftoR ft \>lR7J 377ft33-3(f

ft fefft TR^d 3#T7l 3RI #ft (3lftd %-UI?ftt) ft UTO 33ft 30"tft ftt ftcR 3)73^73 ft

<nwfo® 33^33 ft mf3 fftdT 3mjl 3iwfft3> 37lft33 ^ftt wftt ftt 7M ft fftt; 7^ ^c7

ft# ft TO37 tl 37MT-37c73 37?fti ^7 a7# 337- 373 3ftf #ft ft# ft 37^33 ft ^3 ft 77^3 fft37

3777^371

THE GAZETTE OF INDIA: EXTRAORDINARY

3. fcF 3T2Tctr 5TRlfftcf> fttcR ft) ft Stftfa 3McH JlfftRW/ftftTcl ftt R7T ‘HKif$(<rl 3flW m

ftcft ftft ft mm m ftdift) ft wrft 3mpfN ~m m ffty fftn fft fm 3 tstch

§tcR ft 3mft Tnrfti ft *[wh jtm m term t m Rftl, fftfa ft) errto ftr yrth jttr fm
F ftteR ftl ft) 01(^4) I

4. ftft RRcT| 4, uf?t sftcfr ft\ 5TR^cT ?rf$T (3TfftqfcRT ft 5 JlIrRIcT) ft I WJW 3TTftcR

mi 3ft%m OTftmft ft mRci ft, w ftm 3 tsm msjfftm fttoift cm ^rRmter ftm fft ^ 3mft
WfftjjM m ^frRT wi ^ TJR^ft clftft ft mft

WMLlLNJll

5. 4 ft mmftlft ftftr ^r mft&r ft ft, mftt fti Rfftwft hft 4 form vsmrm i

I RR^Ul ftvft ftm gfRl ftejet k|tlft)^c1 R71 4 utlft fftm vj||^<|| | RoicJ 3ft i?ft m eft fcF>

$m\ msrfftm ^ftR ft ^ 5 ? Bift ftftRiftftR ^mft ft uim ciftm.ftRTTfft ^rft ^rt fftftsr fftir

rn^rn ft ^rm m?ft ft) rnfftn ft^iftl ft) ftm ft atei t ft) ^rft

tl 3RT: 3ft 3RM mftftm ft) 3mfftwft ftfM eft fftfcft ftl vS^ft STeT

^aTcr 4 vjrt ftft meft #ii (fttftm ?jcft ftr we wr ft mfw\ ftmi mr ft fftft?ra> ft

^52T <aft ft c|Ktljc|cfr WT ft ft) Tft 'tfta)l4 ftl

W 3ft oter mftftm ftjcR mT ftftftjrtef ft 1ft tf mr^ 4ft ftftjlftri rRTRfftr mft 3RmiRft

; mfcft 5rfft^fftfti cJ5tt 3iftRT fftfti eft Iftf^ ft mtr cmft toftr ft ftlcR ^ fftm ftirrmi

mftto ftftR 3mft Tjr?ftr ftt^ftmft^ftl^wftftsfftftiwj eetrft\/emftR/fter
JTftR cf> ft cRJef 4R ftcjftl FI 4ft ftrHcI lelftl ^c^l H ^IIHd eft >41 ^cl^d't 6 ^1 HIFeft ft ^el J l ft

nft %\ 4ft mRot ft gn mm ftcrft^r ftt fftft fftft ft me srmft ftm ft, fm m

ftR ftt TUFm ^ri fte jrfcHPer ftti ft fftft fftft ft eftfte sim ^nffter ftmi

■BH

jftftijfftft |ftt rfrt, eefftr mrR uift ft rfj ft, ecrrcft/aft?R/ftcji jw rft' ft fem eiFftr ft ijmrR

eft mftwiTftfm m mftftm ftftR ^ri mem wftft ft stjfr ftm? ftt ^mrft i

t sr t fft eft^ 3R7 cirncT, ftft fft^eRR enw ftt ^ ft wfft^ eff fftm « mfft^ m m?ftr

fftm vJTFTT mflei

r STRifftm ftftift ftr ^TRfte (fm) fri ww w mftt ft^Fn ft ere mmrti ft

fteiffte ^ri Pietfftf we ftftn ft fm fti ^R^e ftftn

VI. ~$m vrfwifftie f^nfft^T ftm era Tftten ft arftir t 3fR eefHR ftt 3irr?eern ftftt, fttei eft
ftfttlfte fftm siiQ-mi

NOTIFICATION
New Delhi, the 16th August, 2005

Auction for Sale (Re-issue) of ‘7.50 per cent Government Stock, 2034’

F. No. 4(2) W & M/2005(i).— ; Government of India hereby notifies sale (re-issue) of ‘7.50 per cent
Govemmenl Stock, 2034’ for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject
to the terms and conditions spelt out in this notification (called ’Specific Notification’) as also the terms
and conditions specified in the General Notification F.No. 4 (9)-W&M/2000 dated May 6 , 2002 issued by
Government! of India as amended from time to time

[ 'hot i—g^ i ]

■Hrm wra : 3ranrrp*r

9

Method of Issue

nm ThC < / 0vernment Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400
001 in the manner as prescribed in paragraph 5.1 of the General Notification F. No. 4(9)-W&M/2000
dated May 6, 2002 by a price based auction using multiple price auction method.

Allotment to Non-competitive Bidders

3. Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of
Government Securities (Annex).

Place and date of auction

4. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on

ugust 18 2005. The application form duly filled in with the bids should be submitted to the aforesaid
office on August 18, 2005 by 12.30 P.M.

Tenure

5. The Stock will be of thirty year tenure commencing from August 10, 2004. The Stock will be
repaid at par on August 10,2034.

Date of issue and payment for the Stock

6 . The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai office on
August 18, 2005. The payment by successful bidders will be on August 19, 2005, i.e, the date of issue.
Th e , payment foMhe Stock will include accrued i n terest on the nominal value of the Stock allotted in the
auction from the last coupon paym e nt date, i.e.. August 10, 2005 to August 18. 2005.

Interest

Interest at the rate of 7.50 per cent per annum will accrue on the nominal value of the Stock from the
date of last coupon payment and will be paid half yearly on February 10 and August 10.

By Order of the President of India,
L.M. VAS, Jt.. Secy.

ANNEX

Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities

I. Scope : With a view to encouraging wider participation and retail holding of Government
securities it is proposed to allow participation on “ non-competitive ” basis in select auctions of dated
Government of India (GOI) securities. Accordingly, non-competitive bids up to 5 per cent of the
notified amount will be accepted in the auctions of dated securities. The reserved amount will be
within the notified amount.

II. Eligibility : Participation on a non-competitive basis in the auctions of dated GOI Securities
will be open to investors who satisfy the following:

1. do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with
the Reserve Bank of India.

Exceptions: Regional Rural Banks (RRBs) and Co-operative Banks shall be covered under
this Scheme in view of their statutory obligations.

10

2 .

3.

Ex i

ac

no*

III.

funds, trus
will be Rs.

THE GAZETTE OF INDIA: EXTRAORDINARY

[Part I —Sec. I]

make a single bid for an amount not more than Rs. two crore (face value) per auction,
submit their bid indirectly through any one bank or PD offering this scheme.

options .Regional Rural Banks (RRBs) and Co-operative Banks that maintain SGL

count and current account with the Reserve bank of India shall be eligible to submit their
™ competitive bids directly.

£overage: Subject to the conditions mentioned above, participation on “non-competitive’

I Olien tn anv nnrenn -ft ____• 4 *

__j .. . *-’ —r uiHiv iiiaiuuuuiis, provident

T enmy / S L may * prescribed *>y RBI- The minimum amount for bidding
0,000 (face value) and thereafter in multiples in Rs. 10,000 as hitherto for dated stocks.

IV. OtAer Operational Guidelines:

1. It
ledger (CS
investor c
is making

m

2. Each
application
constituem s
applicatior
individual

3.

not be mandatory for the retail investor to maintain a constituent subsidiary general

’ jL) i aCC0U . nt W ' th ! he L b f nk ° r PD thrOUgh whom the y wish R> participate. However, an
i make on y a single bid under this scheme. An undertaking to the effect that the investor
c nly a single bid will have to be obtained and kept on record by the bank or PD.

bank or PD on the basis of firm orders received from their constituents may submit
-wise bids through NDS. The firm orders received from others (i.e. non-
i) may be submitted in physical application forms to the PDO. The physical
may be a single bid for the aggregate amount of all the customers. Particulars of
customer viz. name and amount shall be provided as an Annex to the bid.

Allotment under the non-competitive segment to the bank or PD will be at the weighted
average rate of yield/price that will emerge in the auction on the basis of the competitive bidding.
The securities will be issued to the bank or PD against payment on the date of issue irrespective of

4. Ini

amount),
of the bank

pr*

case the aggregate amount of bid is more than the reserved amount (5% of notified
rata allotment would be made. In case of partial allotments, it will be the responsibility
hr PD to appropriately allocate securities to their clients in a transparent manner.

5. In
taken to co]

:ase the aggregate amount of bids is less than the reserved amount, the shortfall will be
►mpetitive portion.

Securit

the

6 .

account or
credit to thd
constituents
non-competfi
account,
investor subi

7. It wil
Except in e
within five w|

bank or PD has received payment from their clients.

:y-would be issued only in SGL form by RBI. RBI would credit either the main SGL
CSGL account of the bank or PD as indicated by them. The facility for affording
main SGL account is for the sole purpose of servicing investors who are not their
Therefore, the bank or PD would have to indicate clearly at the time of tendering the
ive bids the amounts (face value) to be credited to their SGL account and the CSGL

ivery in physical form from the main SGL account is permissible at the instance of the
iequently.

be the responsibility of the bank or the PD to pass on the securities to their clients,
xltraordinary circumstances, the transfer of securities to the clients shall be completed
7 )rking days from the date of issue.

[MPT i—1]

11

8. 1 lie bank or PD can recover upto six paise per RslOO as brokerage/commission/service charges
for rendering this service to their clients. Such costs may be built into the sale price or recovered
separately from the clients. In case the transfer of securities is effected subsequent to the issue date
of the security, the consideration amount payable by the client to the bank or PD would also include
accrued interest from the date of issue.

9. Modalities for obtaining payment from clients towards cost of the securities, accrued interest
wherever applicable and brokerage/commission/service charges may be worked out by the bank or
PD as per agreement with the client. It may be noted that no other costs such as funding costs
should be built into the price or recovered from the client.

V. Banks and PDs will be required to furnish information relating to operations under the Scheme
to the Reserve Bank of India (Bank) as may be called for from time to time within the time frame
prescribed by the Bank.

VI. The aforesaid guidelines are subject to review by the Bank and accordingly, if and when
considered necessary, the Scheme will be modified.

Printed by the Manager. Govt, of India Press. Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.